Shenandoah Telecommunications Now Covered by Analysts at FBR & Co. (SHEN)
FBR & Co. started coverage on shares of Shenandoah Telecommunications (NASDAQ:SHEN) in a research note issued on Friday, Stock Ratings Network reports. The firm set a “market perform” rating on the stock.
Separately, analysts at FBR Capital Markets initiated coverage on shares of Shenandoah Telecommunications in a research note to investors on Friday. They set a “market perform” rating and a $28.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Shenandoah Telecommunications presently has an average rating of “Hold” and a consensus target price of $21.03.
Shenandoah Telecommunications (NASDAQ:SHEN) opened at 26.36 on Friday. Shenandoah Telecommunications has a one year low of $12.57 and a one year high of $26.92. The stock has a 50-day moving average of $21.57 and a 200-day moving average of $18.49. The company has a market cap of $632.9 million and a price-to-earnings ratio of 28.28.
Shenandoah Telecommunications (NASDAQ:SHEN) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. The company had revenue of $77.50 million for the quarter, compared to the consensus estimate of $76.81 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. Analysts expect that Shenandoah Telecommunications will post $0.98 EPS for the current fiscal year.
Shenandoah Telecommunications Company is a diversified telecommunications holding company. The Company through its operating subsidiaries provides both regulated and unregulated telecommunications services to end-user customers and other communications providers Virginia, West Virginia, central Pennsylvania and western Maryland.
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